L&T Hydrocarbon Engineering wins around Rs. 1150 crore contract from ONGC
L&T Hydrocarbon Engineering Limited (LTHE), a wholly-owned subsidiary of Larsen & Toubro, has bagged an offshore contract for the Transportation & Installation – Daman Development Project from Oil & Natural Gas Corporation (ONGC) valued at approximately Rs. 1,150 crores (177 Million USD). The Contract, won against international competitive bidding, encompasses total ‘EPCIC’ – Engineering, Procurement, Construction, Installation and Commissioning for the project.
The project, part of ONGC’s strategy to extract gas from Daman Field, is situated in the south western part of Tapti - Daman block in Mumbai Offshore, located at about 160-200 km North West direction from Mumbai city and 160 km West of Daman.
L&T has been serving the upstream hydrocarbon sector since early the ’90s. This contract reiterates the long term association of ONGC with L&T in the development of offshore fields in India. The Company’s offshore track record includes successful completion of several challenging projects for domestic and international clients. LTHE provides complete ‘EPCIC’ solutions for the offshore oil & gas industry combining customized engineering, procurement, fast-track project management and world-class fabrication and sea installation capabilities meeting stringent timelines, conforming to international safety standards.
@EPC World Media